BAE Systems drags FTSE lower

BAE Systems fell 2.7% to £3.87 while Kingfisher dropped 2.11% to £2.43 on disappointment like for like sales at B&Q dropped 1.1% during the third quarter. T he banking sector also declined, with Northern Rock down 1.48% to £11.35, Alliance & Leicester down 0.46% to £10.90 and HSBC 1.16% lower at £9.38. Miners led the risers on higher metal prices with Lonmin up 2.5% at £30.70 and Antofagasta up 2.24% at £4.79. BHP Billiton rose 1.15% to £9.65 and Rio Tinto advanced 0.78% to £27.15 on the back of production updates. In the US the Dow Jones Industrial Average has lost 38.92 points, or ...